GFSC Annual Report 2023/24 – Focus on Insurance
The Gibraltar Financial Services Commission (GFSC) has now
published its 2023/2024 Annual Report. As expected, the Report
provides a detailed overview of the regulatory, supervisory, policy
and other activities conducted by the GFSC during the year. It is
also noted that this year's Report provides an update on the
GFSC's 2023-2026 Strategic Plan, summarising the progress which
the organisation has undertaken in support of its key strategic
goals.
From an insurance sector perspective, the following takeaways
may be of particular interest:
Insurance Sector Statistics
During the reporting period, two insurance company Part 7
Permissions have been processed, together with five Section 83A
Material Change Consent Applications in respect of insurers (the
most of any sector). Additionally, there have been 148 Regulated
Individuals approved by the GFSC in respect of Gibraltar insurance
companies, again reflecting the
